ZF Friedrichshafen has completed the sale of its 50% share in the ZF Lenksysteme joint venture to JV partner Robert Bosch.

“It has been decided not to disclose the purchase price,” the parties said in a statement.

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The deal was announced last 15 September and approved by authorities without any restrictions.

Bosch is now sole owner of ZF Lenksysteme which will be renamed Robert Bosch Automotive Steering to emphasise the new ownership.

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